Two-Unit Duplex with Alley
New
For Sale
$379,000
6142 76TH AVENUE N, Pinellas Park, FL 33781
Separate electric and water meters serve the two residences, and one unit is vacant.
Property Size1,368 SF
Lot Size0.20 Acres
Price / SF$277.05
Days on Market4
Property Features for 6142 76TH AVENUE N
General Information
Standard status
Active
Size
1,368 SF
Lot size
0.20 Acres
Property subtype
Duplex
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
electricity, water
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1974
Buildings
1
Construction
block
Tenancy
Single
Listing Agency:
RIDER REAL ESTATE
Listed By:
William Gryboski · License #3463707
(404) 368-8072
Source:
Dennisrealty
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 1:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RIDER REAL ESTATE
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Investment Insights
Based on property information with market context.
Built in 1974, this duplex contains two 2-bedroom, 1-bathroom residences. The units have separate electric and water meters. One is leased and the other is vacant, providing a choice of occupancy arrangements. The property sits on an 8,533-square-foot lot extending from the street to the alley.
Pinellas Park City Center and Davis Field are nearby. The lot’s size may allow additional units, subject to verification with the City of Pinellas Park.
Pinellas Park City Center and Davis Field are nearby. The lot’s size may allow additional units, subject to verification with the City of Pinellas Park.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- 8,533‑square‑foot lot extending from the street to the alley
- Separate electric and water meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,968
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,360
$319.4K
Cap Rate 7%
$228,114
$228.1K
Cap Rate 9%
$177,422
$177.4K
Market Conditions
NOI Build-Up for 1,368 SF
Gross rent
$24.5K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$22.8K $16.67/SF
− OpEx
−$6.8K −$5.00/SF
NOI
$16.0K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,360
Cap Rate 7%
$228,114
Cap Rate 9%
$177,422
Alternative Uses
Best Use
Multifamily LT 5
$228.1K
$199.6K – $266.1K
NOI $15,968 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$179.7K
$157.3K – $209.7K
NOI $12,582 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$355.8K
$311.4K – $415.1K
NOI $24,908 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,182
Businesses Nearby
Explore this area
Business Placement
Demographics for 33781, FL
27,349
Population
12,370
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
82%
High-School Grad
6.6 sq mi
ZIP Area
4,144
Density / Sq Mi
$55,378
Median Household Income
$37,039
Median Earnings
$1,197
Median Rent
$251,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric and water meters serve the two residences, and one unit is vacant.
Where is this duplex located?
The property is located at 6142 76TH AVENUE N Pinellas Park, FL.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; 8,533‑square‑foot lot extending from the street to the alley; Separate electric and water meters for each unit
